Research Analysts Set Expectations for SM Energy Q3 Earnings

SM Energy Company (NYSE:SM) – Stock analysts at KeyCorp dropped their Q3 2025 EPS estimates for shares of SM Energy in a note issued to investors on Tuesday, October 14th. KeyCorp analyst T. Rezvan now anticipates that the energy company will post earnings per share of $1.18 for the quarter, down from their prior estimate of $1.44. The consensus estimate for SM Energy’s current full-year earnings is $8.10 per share. KeyCorp also issued estimates for SM Energy’s Q4 2025 earnings at $1.09 EPS, Q1 2026 earnings at $1.34 EPS, FY2026 earnings at $5.25 EPS, Q1 2027 earnings at $1.72 EPS, Q2 2027 earnings at $1.60 EPS, Q3 2027 earnings at $1.66 EPS and FY2027 earnings at $6.77 EPS.

SM Energy (NYSE:SM) last released its quarterly earnings results on Thursday, July 31st. The energy company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.27. The business had revenue of $792.94 million for the quarter, compared to the consensus estimate of $792.58 million. SM Energy had a net margin of 25.94% and a return on equity of 18.06%. SM Energy’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.85 EPS.

A number of other research analysts also recently weighed in on SM. Royal Bank Of Canada raised their price target on shares of SM Energy from $34.00 to $35.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Raymond James Financial downgraded shares of SM Energy from an “outperform” rating to an “underperform” rating in a report on Tuesday, June 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SM Energy in a research note on Wednesday, October 8th. TD Cowen upgraded shares of SM Energy to a “strong-buy” rating in a research note on Monday, July 7th. Finally, Mizuho set a $38.00 target price on shares of SM Energy in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, SM Energy currently has an average rating of “Hold” and a consensus target price of $38.10.

SM Energy Stock Down 1.6%

SM Energy stock opened at $21.75 on Friday. The company has a market capitalization of $2.50 billion, a P/E ratio of 3.07 and a beta of 2.30. The firm’s fifty day simple moving average is $26.26 and its 200-day simple moving average is $25.44. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.59. SM Energy has a 1-year low of $19.67 and a 1-year high of $46.42.

Institutional Trading of SM Energy

A number of hedge funds have recently bought and sold shares of the stock. Millennium Management LLC raised its stake in shares of SM Energy by 663.7% in the first quarter. Millennium Management LLC now owns 1,884,536 shares of the energy company’s stock worth $56,442,000 after acquiring an additional 1,637,779 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new position in SM Energy during the first quarter valued at approximately $44,005,000. Invesco Ltd. grew its holdings in SM Energy by 169.4% during the first quarter. Invesco Ltd. now owns 1,873,860 shares of the energy company’s stock valued at $56,122,000 after purchasing an additional 1,178,397 shares during the period. Westwood Holdings Group Inc. grew its holdings in SM Energy by 51.4% during the first quarter. Westwood Holdings Group Inc. now owns 3,207,245 shares of the energy company’s stock valued at $96,057,000 after purchasing an additional 1,088,948 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new position in shares of SM Energy in the second quarter valued at approximately $25,179,000. 94.56% of the stock is owned by institutional investors.

SM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 17th will be paid a $0.20 dividend. The ex-dividend date is Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a yield of 3.7%. SM Energy’s dividend payout ratio (DPR) is presently 11.30%.

SM Energy Company Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.